Position analysis in a business
What do you mean by the term position analysis in a business? Briefly illustrate it.
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With position analysis, the business is looking for to establish how it is positioned relative to its atmosphere (that is, customers, suppliers, position analysis, technology, the economy, political atmosphere and so forth) given the business’s objectives and mission. This is frequently approached in the framework of an analysis of the business’s weaknesses, strengths, opportunities and threats.
What do you mean by the term reaping the benefits of IT? Explain n brief?
Cost Reduction: The procedure of looking for, finding and eliminating unwarranted expenses from the business to raise gains without containing a negative impact on the product quality. Most of the business managers will engage in periodic cost reducti
Cost Finding: Cost finding methods generate cost data by analytical or sampling techniques. Cost finding methods are suitable for certain type of costs, like indirect costs, items with costs underneath set thresholds in the programs,
Define Process and Process Costing: Process: The organized process of transforming inputs (that is, people, equipment, techniques, materials, and atmosphere), to outputs (that is, products or servi
Activity-Based Costing: It is a cost accounting process that measures the cost and performance of process related activities and cost objects. It assigns cost to cost objects, like products or customers, based on their utilization of
Incremental Cost: The raise or reduction in total costs which would result from a decision to raise or reduce output level, to add a service or task, or to modify any part of operations. This information aids in making decisions such
Performance Measurement: A means of computing effectiveness, efficiency, and outcomes. A balanced performance measurement score-card comprises financial and non-financial measures focusing on the quality, cycle-time, and price. The performance measure
A company's annual report is the single most important way for it to convey itself to potential investors. As such, it should be no surprise tha
Give a brief introduction of the term ‘Management Accounting’. And also write down its objectives?
A type of personal tax credit that reduces the amount a taxpayer must pay. The child tax credit is $1,000 (in 2008) for each child meeting the criteria the child must be a U.S. National, citizen, or resident under 17, a dependent of the taxpayer, and a grandchil
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